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For the co-founder of Australian company Cognescent Corporation, see Thomas Reardon. It is headquartered in Teaneck, New Jersey, United States. After a series of corporate splits and restructures of its parent companies there was an initial public offering csc software company hyderabad 1998. Cognizant had a period of fast growth during the 2000s, becoming a Fortune 500 company in 2011.

In 2015, the Fortune magazine named it as the world’s fourth most admired IT services company. Outsourcing controversy and hiring in the U. Bradstreet spun off several of its subsidiaries including Erisco, IMS International, Nielsen Media Research, Pilot Software, Strategic Technologies and DBSS, to form a new company called Cognizant Corporation. Three months later, in 1997, DBSS renamed itself to Cognizant Technology Solutions. In 1998, the parent company, Cognizant Corporation, split into two companies: IMS Health and Nielsen Media Research. After this restructuring, Cognizant Technology Solutions became a public subsidiary of IMS Health. 6 billion enterprise resource planning software market was saturated, Mahadeva decided to refrain from large-scale ERP implementation projects.